http://www.mortgagenewsdaily.com/4252007_Mortgage_Rates.aspSoothing news about inflation was reflected by declining mortgage interest rates last week, although Freddie Mac and the Mortgage Bankers Association were in substantial disagreement about the scale of the changes. Frank Nothaft , Freddie Mac vice presidentenCommunityServer 2008 SP2 (Build: 31106.96)http://www.mortgagenewsdaily.com/4252007_Mortgage_Rates.asp#10677Wed, 19 Sep 2007 11:00:00 GMT2bb7a989-b681-446d-a7f2-bd5f0562f228:10677Stop ForeclosureWe needed the drop and hopefully the rate reduction will trickle over to the long term notes and have a positive affect on the 30 year Ts and mortgage rates. We really need a break in rates that are in direct coorelation with the ARMs that have put a hurt o the markets. Great to see a bounce back in the markets.<div style="clear:both;"></div><img src="http://www.mortgagenewsdaily.com/aggbug.aspx?PostID=10677" width="1" height="1">